This scheme will facilitate the Automobile Industry to move up the value chain into higher value-added products. New Delhi: The Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India has been successful in attracting proposed investment of Rs 74,850 crore against the target estimate of investment Rs 2,500 croreover a period […]
UNION BUDGET 2022-23: ₹19,500 CRORE ALLOCATED TP BOOST PLI SCHEME – EQ Mag Pro
During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19,500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme. Intending to increase the solar capacity in the country, Finance Minister has said that ₹19,500 crores will be given under PLI for manufacturing high-efficiency modules for […]
PLI scheme to unlock India’s manufacturing capacity: Icra
NEW DELHI: The government’s ambitious production-linked incentive (PLI) scheme will look to unlock manufacturing capacity as well as support in attracting about Rs 4 lakh crore of capital expenditure over the next five years, rating agency Icra said on Thursday. With an aim to boost manufacturing, employment generation, import reduction and exports growth, the PLI […]
Battery swapping, PLI scheme will prove beneficiary, says FICCI Renewable Energy CEO – EQ Mag Pro
New Delhi : Ranjit Gupta, Chairman, FICCI Renewable Energy CEOs Council and Azure Power CEO, has said that the Union government’s decision for an additional allocation of Rs 19,500 crore under the PLI scheme for manufacturing high efficiency solar photo-voltaic modules will give a huge fillip to domestic manufacturing. This will improve the availability of […]
PLI Scheme To Aid Creation Of 45 GW Of Solar Equipment Making Capacity: RK Singh – EQ Mag Pro
It is proposed in the General Budget presented in Lok Sabha on Tuesday that the funding under the PLI scheme for domestic solar cells and module manufacturing will be increased to Rs 24,000 crore from the existing Rs 4,500 crore. Union Power Minister RK Singh on Tuesday said production linked incentive (PLI) scheme for solar […]
Union Budget 2022-23: PLI Scheme extended to solar equipment; Rs 19,500 cr allocated to boost manufacturing of solar modules – EQ Mag Pro
During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19,500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme. Intending to increase the solar capacity in the country, Finance Minister has said that ₹19,500 crores will be given under PLI for manufacturing high-efficiency modules for […]
10 bids received under PLI Scheme for ACC Battery Storage – EQ Mag Pro
Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination which resonates strongly with Hon’ble Prime Minister’s clarion call of Atma Nirbhar Bharat – a self-reliant India. New Delhi: A total of 10 companies submitted their bids under the Advanced Chemistry Cell (ACC) Battery Storage Programme in India for which […]
PLI SCHEME – EQ Mag Pro
Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22. The 13 key sectors include already existing […]
PLI Scheme for Integrated Solar Manufacturing – EQ Mag Pro
EQ International hosted a webinar to discuss IREDA PLI Scheme for Integrated Solar Manufacturing in India on November 15, 2021. The panellists discussed the kind of opportunities and challenges it brings for the entire solar industry. The PLI Scheme is advancing well, and the bidding results for the IREDA tender were announced recently. The government […]
Pre-bid conference for prospective bidders for Rs18,100 cr Advanced Chemistry Cell PLI Scheme receives great response – EQ Mag Pro
ACCs are the new generation advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. The pre-bid conference organised by the Ministry of Heavy Industries (MHI) for prospective bidders for the Advanced Chemistry Cell (ACC) PLI Scheme has received […]